Go | New | Find | Notify | Tools | Reply |
Truth Wins |
I really like Remington and I hope the new owners can get it back on track. I'd hate to see a company as storied as Remington fail. The new owners make me optimistic. https://www.wktv.com/content/n...rkers-572731311.html
_____________ "I enter a swamp as a sacred place—a sanctum sanctorum. There is the strength—the marrow of Nature." - Henry David Thoreau | ||
|
PopeDaddy |
I love your optimism. I hope it is deserved. Remington is gone from my hometown now (post-bankruptcy) but the Remington 1911 , 870, V3 and Model 700’s need a good home somewhere. But I just don’t trust a real estate company to do right by Remington no matter if they are “gun guys” or not. This is the only Remington segment that I don’t think went to the right buyer. 0:01 | |||
|
Member |
Good luck with the future of Remington, but IMO leaving it in NY was a bad first step. ----------------------------- Guns are awesome because they shoot solid lead freedom. Every man should have several guns. And several dogs, because a man with a cat is a woman. Kurt Schlichter | |||
|
PopeDaddy |
Exactly. That’s why they moved the headquarters to Huntsville some years ago...to get out of NY and away from the union...well, that and the “incentives for jobs” deal we gave them. 0:01 | |||
|
Partial dichotomy |
| |||
|
Fighting the good fight |
Because the bean counters at corporate decided it was best (cheapest) to stay where the manufacturing facilities are already set up and the skilled workers are already located, rather than moving and having to pay to rebuild and hire/train new workers. | |||
|
Truth Wins |
I think their explanation that they want access to the the current employees is a sound one. Moving a plant and hiring all new employees, or moving the current ones, would be a very expensive undertaking. Also, as far as Round Hill being a real-estate company: is it? I'm not really sure. There is a Round Hill Capitol that is definitely a real estate company. Then there is a Round Hill Group, LLC. I can't really tell if they are related, but I don't think so. Roundhill Group LLC appears to be out of Round Hill, Virginia and I don't think they are the same companies. Though Round Hill Group LLC may indeed, have real estate interests. _____________ "I enter a swamp as a sacred place—a sanctum sanctorum. There is the strength—the marrow of Nature." - Henry David Thoreau | |||
|
Member |
Two things that “may” be an issue...the union and pension liabilities. ---------- “Nobody can ever take your integrity away from you. Only you can give up your integrity.” H. Norman Schwarzkopf | |||
|
Member |
Not to excite the obvious, Really bad idea... ______________________________________________ Life is short. It’s shorter with the wrong gun… | |||
|
Gracie Allen is my personal savior! |
Just to add a WAG, I'd bet the new owners see staying focused on shotguns as being the easiest way to get their new enterprise up and running. Whether they avoid conflicts with local government now or in the future by doing so would be sort of a bonus of that buisness plan. I kind of wonder if they're ever going to get back into the bolt action rifle buisness. The AR-type rifle buisness is something they could let slide, but if they aren't selling bolt guns then the market could easily leave them behind in that field. | |||
|
"Member" |
NY is toxic to any and all business. I'd argue that getting as much out of NY that they could was one of the only things they did right. As for toxic, there's always been theory that there's 200 years of industrial mess in the ground there, and if they leave they'll have to foot the bill for cleaning it up. To what degree that is true I din't know. _____________________________________________________ Sliced bread, the greatest thing since the 1911. | |||
|
Drill Here, Drill Now |
It may all be posturing too as this is the version that is being played out in the media. The local elected officials are saying the right thing but the union is saying the wrong thing. For all we know, they're quietly talking to people in Huntsville and surrounding areas. On top of negotiating tax breaks, they could easily form an LLC and quietly buy acreage on the outskirts. Ego is the anesthesia that deadens the pain of stupidity DISCLAIMER: These are the author's own personal views and do not represent the views of the author's employer. | |||
|
Member |
I think they should get going with smallish handguns. That’s been a big part of the rush the last years. | |||
|
Member |
I like to wax poetic about the glory days from time to time and really enjoy old buildings. However, staying in Ilion in the old buildings is about the dumbest damn thing they can do right now. Just like Colt until they moved to West Hartford, the old Ilion buildings are shit and a huge financial drain on anyone trying to retrofit modern equipment into them or keep them from collapsing. It would be nice to save them for historical sense, but without massive cash flow and governmental help, there doesn't seem to be a feasible way to stay in my mind. I would like to see them use their capital to get right with the suppliers and to get the shotgun lines up and running with the current labor pool. That to me seems like the easiest way to get some cash flow in the current market conditions. As far as Vista and the ammo lines, I challenge anyone here to go out to any shop in the Northeast and try to buy a box of Core-Lokt ammo in the standard North Woods deer calibers. I double dog dare ya. | |||
|
Gracie Allen is my personal savior! |
Quite possible. In theory the EPA can declare somewhere a brownfield at any time. If they do so, any owner or tenant of the ground at any time can be held liable for the full cost of cleanup. That owner or tenant is then responsible for tracking down all the other owners and tenants in the history of the property and taking them to court to recover their proportional share of the costs. The question that leaves open, of course, is the effect of the bankruptcy. Not that the EPA would care, of course - as long as they get one owner or tenant they got a sucker on the hook. Having said that, no competent adviser or land monkey working for the buyers would have allowed the buyers to buy the land unless they had done a careful examination of the ground and knew how much of an environmental liability the buyers were buying into. The buyers could have also, of course, worked out some kind of deal with whoever was overseeing the bankruptcy as well as local government, since local governments have long played a role in brownfields clean-ups, and are used to setting up "action groups" with the EPA, state agencies and land owners to deal with the problem. Local governments are also accustomed to offering tax breaks and other assistance in order to keep local jobs viable. | |||
|
Drill Here, Drill Now |
I've been a part of buying oil & gas facilities from competitors. Not sure if others do it, but our standard practice is in the contract there is a discovery period of x years after the sale where 100% of the environmental findings are paid for by the previous owner. Ego is the anesthesia that deadens the pain of stupidity DISCLAIMER: These are the author's own personal views and do not represent the views of the author's employer. | |||
|
Member |
will they be making firearms or ppe? | |||
|
Gracie Allen is my personal savior! |
Joe Biden says that an 870 is PPE, and I'm sure that's good enough for Cuomo. | |||
|
fugitive from reality |
This is all an eleborate but fully legal shell game to accomplish several goals. First it relieves Remington of future legacy costs pertaining to their old union labor contract. Second it gives the 'new' Remington a state of the art manufacturing facility. And third it gives Round Hill Group a valuable piece of property to develop into something other than a broke dick out of date factory. _____________________________ 'I'm pretty fly for a white guy'. | |||
|
Truth Wins |
From earlier today. I'd like to say I'm optimistic, and I'd love to see Remington made great again, but the more I learn about the Roundhill Group, the more questionable all this seems. Apparently the former CEO of Remington sits on the board of a paintball company the new buyer, Richmond Italia, owns. Time will tell, but the buyer is a capital company and they are in business to turn a profit, always buying and selling companies. Geeeez _____________ "I enter a swamp as a sacred place—a sanctum sanctorum. There is the strength—the marrow of Nature." - Henry David Thoreau | |||
|
Powered by Social Strata | Page 1 2 |
Please Wait. Your request is being processed... |